Re:Bitcoin's Use in Commerce Keeps Falling
by dragontamer on Monday August 27, 2018 @08:46AM
(#17851099)
> can you point me to words "store", "of" and "value" in the above question?
Bitcoin is up the past couple of weeks. So inevitably, the BTC community will be calling it a store of value.
I think the general community is just reacting to the moving goalposts. When BTC's value is up, its a store of value. When its value is down, BTC's value is its transactions.
Re:Bitcoin's Use in Commerce Keeps Falling
by keymone on Monday August 27, 2018 @08:53AM
(#17851140)
the question was what advantages bitcoin has over gold. one of the answers was divisibility. that answer was rejected by GP's comment because "irrelevant to store of value aspect" i'm just pointing out that this reason for rejection of a valid argument is plain dumb.
Re:Bitcoin's Use in Commerce Keeps Falling
by qeternity on Monday August 27, 2018 @10:40AM
(#17851756)
Gold bar? The example that prompted this thread was Venezuela. The average Venezuelan can maybe afford some gold jewelry that has been passed down through the family, much less an entire gold ingot.
> what advantage does it have over gold?
can you point me to words "store", "of" and "value" in the above question?
> order of magnitude more skill and overhead to handle
only if you assume handling gold means dropping the gold bar in your basement and never touching it again?